With the stock market closed on a working day, traders are wandering aimlessly, living a life without purpose. Instead of entering a Youtube worm hole, here are five things you can do on President’s Day to improve your trading.
Run a statistical analysis. Trading based on probabilities has made a huge difference in my ability to consistently execute. At first, when I attempted to trade statistics generated by other people, I found doubt would creep in, and I would lose my confidence. However when you develop you own stats–using data you obtain and scour–you will find yourself much more able to execute. Feeling lazy? Here’s a link to some statistical work I posted a while back: CLICK HERE FOR RAUL3 STUDIES
Pump Iron. Or take a walk, do something active! I love lifting weights for many reasons, mostly because I have masochistic tendencies. The other reason is my average trade duration is about 6 minutes. When I do a complicated lift, like the Turkish Get-Up, I need to focus on the motions of my body. If distraction creeps in I will injure myself. Developing this focus during physical motion allows me to focus entirely on the market when I am trading. The symbiosis is divine!
Read a book, but not some trading book. People always ask me what books I recommend for developing traders. They want like a technical analysis book or something, but I do my best to steer them toward Brain Books. They are figuring out so much about how our brains work these days. It is fascinating stuff, and it will help you improve your trading.
Clean like you’re covering up a crime scene. Your office, unless professionally cleaned weekly, is probably a disaster. Sandwiches gnashed and crumbed into nearby keyboards. Neglected paper piles that could be logged and filed in 10 minutes. Dust bunnies living in your computer tower. Just start in one corner of your room and before you know it, you’ll be cleaning like a damn fool. It’s good for the soul and you will feel lighter when it is time to get back into action.
Enjoy your freedom. I have no idea why some people work so hard, but I know my reasons. The harder I work the luckier I get but also freedom kicks ass. If you are not rank filed into a professional role where you are required to be stuck in a cube or meeting from 9-5, then go have some fun! Tour a vineyard. Spend time with family. Pump iron. Peer out your windows like a recluse. Whatever floats your boat.
The world runs on dead presidents. If you are a consistent trader you are probably a workaholic. Just make sure you are working for your own benefit, and not just for the sake of work. Happy President’s Day lads!
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